Document Type
Article
Publication Date
1922
Abstract
Financial statements are called for by banks in order to get a survey of the financial condition of the risk. Under even the closest and most careful analysis the study of any statement cannot cover the whole risk because there are other elements quite as important as the financial element which in many instances would entirely offset a poor or good financial showing. The elements in analysing a risk can be generally divided into three types. One element in a risk is the financial strength displayed. A second element is the so-called moral risk. The final element is the economic risk.
Relational Format
article
Recommended Citation
Robert Morris Associates, "Financial statements: an explanation in brief of a system for their analysis from the standpoint of the credit grantor and the business executive" (1922). Individual and Corporate Publications. 137.
https://egrove.olemiss.edu/acct_corp/137